MAS to issue tokenised bills and draft stablecoin law – Central Banking

The Monetary Authority of Singapore (MAS) has said it will issue tokenised bills that will be settled in central bank digital currency sometime in 2026, and that it is ready to begin drafting stablecoin legislation.

The central bank’s managing director, Chia Der Jiun, said in a speech today (November 13) that the MAS planned to issue tokenised bills to primary dealers, and that these would be settled using the Singapore dollar-denominated wholesale CBDC. Chia said further details of these plans